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Solid core earnings drive growth in profitability and returns.Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise ...
...APC lauds order to end LG workers’ strike in Osun ...Local government services are operational, contrary to opposition claims — Adeleke’s aide By Ismail Azeez, Osogbo Mixed reactions have trailed the directive of a faction of the Nigeria Union of Local Government Employee (NULGE), Osun State Branch asking the local government workers to resume work ...
A Federal High Court in Lokoja, Kogi State, has granted an order permitting constituents of Kogi Central Senatorial District to recall petition against Senator Natasha Akpoti-Uduaghan. In a landmark ruling on Friday, the court affirmed that the recall process initiated by constituents of Kogi Central Senatorial District is constitutionally valid and aligns with their civic ...
...Insists President Tinubu acted within constitutional power ...SERAP takes legal action, sues Tinubu over suspension of Fubara, deputy, lawmakers ...Says suspension violates Nigerian constitution, international law ...As NewsDirect holds webinar on Rivers emergency rule today The Presidency has countered former President Goodluck Jonathan and Nobel laureate Professor Wole Soyinka over their strong criticisms of the ...
By Seun Ibiyemi The Tony Elumelu Foundation (TEF) has announced a $15 million grant to empower 3,000 aspiring entrepreneurs from 52 African nations, reinforcing its commitment to fostering economic transformation across the continent. TEF’s founder, Mr Tony Elumelu, made this declaration in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. ...
By Matthew Denis The Director General of the National Youth Service Corps (NYSC), Brigadier General Olakunle Oluseye Nafiu, has announced that all Corps Members will receive an increased monthly allowance of Seventy-Seven Thousand Naira, effective from March 2025. Speaking on the development, he reaffirmed that both the NYSC management and the Federal Government remain committed ...
…Senate, Reps approve Tinubu’s Rivers emergency rule despite opposition …APC backs NASS approval of Rivers emergency rule, slams Atiku, others By Sodiq Adelakun Former Vice President Atiku Abubakar, Labour Party’s 2023 presidential candidate Peter Obi, and former Kaduna State Governor Nasir El-Rufai have officially united to form a coalition aimed at challenging President Bola Tinubu’s ...
...Harps on benefits of proposed Naira swap for both countries By Jabiru Hassan The Federal Government has charged the Chinese government to increase its investment in the country and facilitate enhanced technology transfer. This appeal was made when the Minister of Works, Sen. (Engr.) David Nweze Umahi received on a courtesy visit the Chinese Ambassador ...
...Says attack sabotaging efforts to improve power supply ...As Army denies invading EKEDC facility By Seun Ibiyemi The Federal Government, through the Minister of Power, Adebayo Adelabu, has strongly condemned the recent attack, abduction, and assault of staff, as well as the destruction of facilities at the Eko Electricity Distribution Company (EKEDC) substation in Badagry, ...
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales currency with its crude oil procurement obligations, which are currently denominated in U.S. dollars. In a statement issued on 19 March 2025, the refinery explained that its sales of petroleum products in Naira had ...
...Swears in Ibas as Rivers Sole Administrator ...Maintaining law and order my utmost task — Ibok-ete Ibas ...Senate postpones debate on Rivers State of Emergency ...Fubara’s suspension ‘undemocratic and unconstitutional’ – Amaechi By Sodiq Adelakun The Federal Government has expressed strong support for President Bola Tinubu’s decision to declare a state of emergency in Rivers ...
By Sodiq Adelakun Lagos State Governor, Babajide Sanwo-Olu on Wednesday commissioned 16 newly constructed blocks of classrooms, a football pitch, and multipurpose sports courts at Ajegunle High School and Keme Balogun Junior and Senior Colleges in Igbogbo Bayewu Local Government Council Development Area (LCDA). He said this at the inauguration of blocks of classrooms at ...
By Blessing Emmanuel The Nigerian Senate has advanced a bill seeking to amend the Nigeria Data Protection Act, 2023, with the proposal successfully scaling its second reading on Tuesday. The bill, titled “A Bill for an Act to Amend the Nigeria Data Protection Act, 2023, to Mandate the Establishment of Physical Offices within the Territorial ...
Governor of Enugu State, Dr Peter Mbah, has reaffirmed that residents of the state deserve top-tier infrastructure to drive its development. The governor made this declaration while commencing the construction of 141 urban roads across 13 zones within the state capital. Speaking at the official launch held at Ologo in the Coal Camp Zone (Enugu ...
...Appoints former Naval Chief as Rivers Administrator ...PDP rejects emergency rule, says it undermines democracy …Tinubu is rehearsing for 2027 — Bode George By Sodiq Adelakun and Ismail Azeez President Bola Ahmed Tinubu has declared a state of emergency in Rivers State, suspending the state’s governor, Siminalayi Fubara, his deputy, Ngozi Odu, and all elected ...
By Sodiq Adelakun Lagos State Government, in conjunction with the Aliko Dangote Foundation on Tuesday flagged off the National Food Intervention programme aimed at alleviating hunger and promoting food security across Lagos and Nigeria at large. The programme is meant to distribute 80,000 (10kg) bags of rice to the vulnerable residents of Lagos State, ...
...Upgrades Agbara 132/33kV transmission substation to boost power supply By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced the restoration of full bulk power supply to Eko and Ikeja Electricity Distribution Companies, allowing for uninterrupted distribution to consumers in Lagos State. In a statement issued on Tuesday, Ndidi Mbah, TCN’s General Manager of ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc has launched the AfriGo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape. The AfriGo Card, introduced by the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), offers a robust alternative to international card schemes, ...
…Stop playing politics with future of the people — State Govt claps back …Assembly’s actions risk plunging rivers into crisis, stall progress — Information Commissioner The Rivers State House of Assembly has issued a formal notice of alleged misconduct against Governor Siminalayi Fubara and his Deputy, Professor Ngozi Odu, signalling the commencement of a potential ...
...Sowore, others leads Raye, claim LGI evaded meeting By Sodiq Adelakun Nigerians have reacted with outrage andconfusion following the sudden disappearance of a Local Government Inspector (LGI) who had summoned Lagos-based National Youth Service Corps (NYSC) member Ushie Uguamaye to the NYSC office in Eti-Osa, Lagos. The incident follows the circulation of a viral TikTok ...
The Federal Government has reaffirmed its commitment to partnering with the private sector on an Agribusiness Financing Programme aimed at enhancing the nation’s food security. During a high-level meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the CEO of the Ministry of Finance Incorporated (MOFI), Dr ...
…Minister sets up committee to address allegations By Seun Ibiyemi and Matthew Denis The Nigerian Content Development and Monitoring Board (NCDMB) has announced that it will launch an investigation into Sterling Oil Exploration and Energy Production Company (SEEPCO) over allegations of expatriate quota violations and unfair labour practices. This was disclosed in a statement issued ...
...Food inflation drops to 23.51% as price pressures ease ...February inflation slows, but high prices persist — CPPE ...Debt service drops to $276m in February 2025 — CBN By Seun Ibiyemi Nigeria’s inflation rate has recorded a second consecutive monthly decline in February, offering cautious optimism for a further reduction in price pressures. According to ...
